Her review of Barbarians at the Gate: The Fall of RJR Nabisco
https://web.archive.org/web/20221113051430/https://www.goodr...
My very uninformed impression of how companies work is something like:
- there is a CEO, who is a guy
- there is a board, consisting of a bunch of guys who are friends with the CEO
- they all have fiduciary duties and if they fail to meet them they will get yelled at by a judge in Delaware
- ???
- shareholder value gets maximized